Housing Works Health Services Iii Inc
Housing Works Health Services Iii Inc shows strong asset growth and consistent surpluses over the past decade.
EIN: 133826364 · Brooklyn, NY · NTEE: G810 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $35.6M |
| Total Expenses | $38.1M |
| Program Spending | 85% |
| Net Assets | $50.7M |
| Transparency Score | 85/100 |
Is Housing Works Health Services Iii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Works Health Services Iii Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Works Health Services Iii Inc
Housing Works Health Services Iii Inc (EIN: 133826364) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code G810. The organization reported total revenue of $35.6M and total assets of $72.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Works Health Services Iii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Works Health Services Iii Inc is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43.4M |
| Total Expenses | $38.1M |
| Surplus / Deficit | +$5.3M |
| Total Assets | $57.7M |
| Total Liabilities | $7.0M |
| Net Assets | $50.7M |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 18.2 months |
Financial Health Grade: A
In 2023, Housing Works Health Services Iii Inc reported a surplus of $5.3M with revenue exceeding expenses, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Works Health Services Iii Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.3% | -8.3% | +0.7% |
| 2022 | +11.5% | +19.2% | +19.7% |
| 2021 | +94.6% | +117.5% | +37.1% |
| 2020 | +13.5% | +6.8% | +51.2% |
| 2019 | +3.8% | +13.2% | +34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Housing Works Health Services Iii Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Housing Works Health Services Iii Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, which is unusual for an organization of this size and revenue, suggesting that executive compensation may be handled by a related entity or through a different reporting mechanism.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Housing Works Health Services Iii Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure the true cost of executive leadership if compensated by a related entity.
Strengths
The following positive indicators were identified for Housing Works Health Services Iii Inc:
- Consistent revenue growth over the past decade, demonstrating increasing capacity.
- Significant accumulation of assets, indicating strong financial health and stability.
- History of operating with a surplus, with revenues consistently exceeding expenses.
- Strong financial management leading to substantial growth in organizational scale.
Frequently Asked Questions about Housing Works Health Services Iii Inc
Is Housing Works Health Services Iii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Works Health Services Iii Inc (EIN: 133826364) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Housing Works Health Services Iii Inc spend its money?
Housing Works Health Services Iii Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Housing Works Health Services Iii Inc tax-deductible?
Housing Works Health Services Iii Inc is registered as a tax-exempt nonprofit (EIN: 133826364). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Housing Works Health Services Iii Inc's spending goes to programs?
Housing Works Health Services Iii Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Works Health Services Iii Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Housing Works Health Services Iii Inc is above average for NTEE category G810 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Works Health Services Iii Inc located?
Housing Works Health Services Iii Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133826364. It is classified under NTEE code G810.
How many years of IRS 990 filings does Housing Works Health Services Iii Inc have?
Housing Works Health Services Iii Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $35.6M in total revenue.
Is Housing Works Health Services Iii Inc a good charity?
Based on its financial data, Housing Works Health Services Iii Inc appears to be a financially sound organization with consistent revenue growth, significant asset accumulation, and a history of operating with surpluses. This indicates effective financial management and a strong capacity to deliver on its mission.
How has the organization's revenue changed over time?
The organization has experienced substantial revenue growth, increasing from $2.9 million in 2014 to a peak of $50.1 million in 2022, before a slight decrease to $43.4 million in 2023. This represents a significant expansion of its financial capacity.
What is the trend in the organization's assets?
Assets have grown dramatically from $2.8 million in 2014 to $57.7 million in 2023, indicating strong financial health and an increasing capacity to support its operations and mission.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It suggests that executive compensation might be paid by a related entity or not directly reported on this specific 990, which could warrant further inquiry for complete transparency.
Filing History
IRS 990 filing history for Housing Works Health Services Iii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Works Health Services Iii Inc's revenue has grown by 1061.8%, moving from $3.7M to $43.4M. Total assets increased by 1984.3% over the same period, from $2.8M to $57.7M. Total functional expenses rose by 918.4%, from $3.7M to $38.1M. In its most recent filing year (2023), Housing Works Health Services Iii Inc reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $7.0M in liabilities against $57.7M in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $50.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43.4M | $38.1M | $57.7M | $7.0M | — | — |
| 2022 | $50.1M | $41.6M | $57.3M | $11.9M | — | View 990 |
| 2021 | $44.9M | $34.9M | $47.9M | $11.7M | — | View 990 |
| 2020 | $23.1M | $16.0M | $34.9M | $8.8M | — | View 990 |
| 2019 | $20.3M | $15.0M | $23.1M | $4.0M | — | View 990 |
| 2018 | $19.6M | $13.3M | $17.2M | $3.4M | — | View 990 |
| 2017 | $15.1M | $10.7M | $11.3M | $3.9M | — | View 990 |
| 2016 | $10.9M | $7.0M | $6.3M | $3.3M | — | View 990 |
| 2015 | $5.3M | $5.0M | $3.4M | $4.6M | — | View 990 |
| 2014 | $2.9M | $3.1M | $2.8M | $4.6M | — | View 990 |
| 2013 | $3.3M | $4.0M | $2.8M | $4.3M | — | View 990 |
| 2012 | $4.6M | $3.4M | $3.2M | $4.1M | — | View 990 |
| 2011 | $3.7M | $3.7M | $2.8M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43.4M, expenses of $38.1M, and assets of $57.7M (revenue -13.3% year-over-year).
- 2022: Revenue of $50.1M, expenses of $41.6M, and assets of $57.3M (revenue +11.5% year-over-year).
- 2021: Revenue of $44.9M, expenses of $34.9M, and assets of $47.9M (revenue +94.6% year-over-year).
- 2020: Revenue of $23.1M, expenses of $16.0M, and assets of $34.9M (revenue +13.5% year-over-year).
- 2019: Revenue of $20.3M, expenses of $15.0M, and assets of $23.1M (revenue +3.8% year-over-year).
- 2018: Revenue of $19.6M, expenses of $13.3M, and assets of $17.2M (revenue +29.4% year-over-year).
- 2017: Revenue of $15.1M, expenses of $10.7M, and assets of $11.3M (revenue +39.6% year-over-year).
- 2016: Revenue of $10.9M, expenses of $7.0M, and assets of $6.3M (revenue +103.4% year-over-year).
- 2015: Revenue of $5.3M, expenses of $5.0M, and assets of $3.4M (revenue +83.4% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.1M, and assets of $2.8M (revenue -11.8% year-over-year).
- 2013: Revenue of $3.3M, expenses of $4.0M, and assets of $2.8M (revenue -28.0% year-over-year).
- 2012: Revenue of $4.6M, expenses of $3.4M, and assets of $3.2M (revenue +22.6% year-over-year).
- 2011: Revenue of $3.7M, expenses of $3.7M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Works Health Services Iii Inc:
Data Sources and Methodology
This transparency report for Housing Works Health Services Iii Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.